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. >>> and japan's finance minister is saying other companies have no right to lecture japan on its currency policy instead calling for the u.s. to seek a strong dollar. >>> okay. welcome back to "worldwide exchange" this morning. let's take a quick check on trade as we close out the last full trading week of the year. not even a full week, but just one of the last trading weeks of the year. >> monday seems so far away. >> it's just kind of sticking out there, the 24th and 31st. european markets were closed for boxing day week. got back into trade yesterday. sort of a mixed bag across the board. u.s. markets were weaker and this morning europe is following the u.s. down that path. the ftse just a little bit lower. the xetra dax down by .1%. the cac 40 which was one of the strong performers yesterday giving up some of its gains. the ibex 35 underperforming. >> the penny stock not worth a whole lot so you have to take that into consideration. but yeah, drifting lower on the bond markets. today we have this italian debt auction which would be interesting. we've got rome offering somewhere in 2 to 3 bi
strong quake that went on for about 90 seconds. >> major earthquake rocks northeast japan. >> the quake measured 7.3, centered in the pacific ocean. >> in the same area that suffered severe damage from a powerful quake and tsunami last year. >> the quake shook buildings as far as tokyo. >> fortunately, no major damage or injuries. >>> this morning the labor department says 146,000 jobs were added in november and unemployment fell to 7.7%. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a s
of japan after a strong earthquake. how that warning stands right now. >>> and more financial hardship expected for city college of san francisco. we'll tell you why and how students will be effected. >>> plus locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting through the weekend. hopefully that brings a smile to your face. tgif to you. we're off to a chilly start this morning. mostly sunny skies for the afternoon. temperatures running warm for december and it will be a trend we see for your weekend. i'll have details on this coming up in a moment. good morning, tara. >>> good morning, rosemary. here's a look at traffic through 880. the headlights are southbound as you make your way towar
commodity. it could be exchanged for silk in india and the silk exchanged for swords in japan, and those swords would be sold back in england and the whole thing would start again. so the ex-peasant who is now running the show on a small plot of land handed over to him by the landlord would be an entrepreneur. effectively, he borrowed money from the landlord in order to pay for three things. rent of the land, wages in the form of corn, to the ex- peasants who are now wandering in the countryside knocking on doors because they don't have direct access to land, and some machinery, shears for clipping wool. so land, labor, and capital could be purchased in advance of production, on the basis that the entrepreneur, ex- peasant has to the landlord. -- on the basis of the debt that the entrepreneur, ex-peasant house to the landlord. so debt comes first, then comes distribution of income in the form of a labor contract. it will work for so many hours and i will give you so much corn. then comes production. it was a combination of this reversal of the order from having production followed by a d
great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty quickly. >> meaning, you know, by the end of -- within days of reesk that deal? >> you know, the pace of assent may be not quite that rapid. i think we see that by the first quarter, if we get a good fiscal cliff deal. i think this morning's comments really, really advance that. i really take strong exception to mr. lindsey's point that the president does not want a deal. we actually believe that the president needs a deal almost as badly as the republicans. remember, he is a second-term president, and second-term presidents get very concerned about their long-term legacy. we have a recession in 2013, the republicans may be blamed short term, but that will bake in the cake four more years of weak economic growth and that would assure president obama has one of the weakest records of growth in history. he doesn't want that in the histor
's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's important at this junction now that we've seen the new government come in, now that we've seen the new cabinet ministers, people who were expecting a lot of fiscal and monetary magic from to look at the data overnight and be reminded that it's no guarantee japan will magically be able to rejiger its econ
. we've been following the 7.3 earthquake that hit the northeast coast of japan. now a small tsunami about a meter high has also hit. when you take a look at this video, you can see the shaking. the tsunami warning is still going off. people are being urged to flee to higher ground. no reports of any damage or injuries. the power stations are open, but some airports are closed until the runways are inspected. this, you might remember, the same region that was hit by a massive quake back in march of 2011. at the live desk, melissa mollet, news 4. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern vir
japan and those in southeast asia, creating a major security risk drawing them and the u.s. into a potential conflict. rebecca. >> anna werner, thank you. now to egypt. president mohamed morsi said tonight the country will vote december 15 on a new constitution. the draft document and the president's new powers brought egyptians back to the streets today. holly williams is in cairo tonight, and good evening to you, holly. >> reporter: good evening. well, tens of thousands of president morsi's supporters took to the streets today, but it follows days of protests by his opponents, who accuse mr. morsi of behaving like a dictator. last week, the president gave himself broad new powers that he says he needs until egypt has a new democratic constitution. the panel writing that constitution rushed to finish a final draft on friday working through the night. but the panel is dominated by mr. morsi's islamist allies. and the final draft includes a bigger role for islamic sharia law and empowers the state to protect morals. but there's no specific guarantee of equality for women,
, a manga from japan, a lot of boys are into. >> what is the storyline. >> about a guy trapped in a hotel room for 15 years and afterwards is given a few days to figure out why he was trapped in the hotel room or he will be killed so it's a psychological thriller, it's very strange, it's different, and spike lee had a huge hit with "inside man" so he knows how to do thrillers. this could be a big hit for him. we have to wait and see. >> for people like me still catching up on the movies of 2012, if you had to pick the top five say that you should try to see not before the end of the year but maybe before the end of january, before the oscars, what should you try to see? >> definitely "the sessions." it's a helen hunt movie and it's a little bit controversial. there's a lot of nude nit it but it's a touching film about a man who is sort of, can he barely move, and he wants to sort of experience sexual relations for the first time and enter helen hunt and it's in her role in the film is much buzzed about and i think it's worth seeing, i'd say "les mis," hugh jackman does a terrific job in t
with his wife. he played for the new york yankees last year and recently signed with a team in japan. >>> shinzo abe has been elected in japan as prime minister. he held the same position six years ago, but resigned because of health problems. he says he's okay now and promised to revive the economy, address japan's debt and create a recovery plan for last last year's earthquake, tsunami, and nuclear disaster. japan's economy sunk into recession two weeks ago. >>> 'tis now the season for gift cards and those returns. shoppers expected to flood the stores again today to return or exchange gifts that don't fit or they tonight want. an analyst tells "the wall street journal" 10% to 15% of coll holliday gifts come back as returns or exchanges. >> i don't have anything to return or exchange but i'm going to go to the store anyway, just to support the economy. because i enjoy it. >>> coming up, president obama heads back to the white house today to work on the ever looming fiscal cliff. can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that a
of the world's highest profile whistle blowers. michael woodford was president and ceo of japan's olympus corporation. his dream job turned in to a nightmare when he discovered the company had hidden more than $1 million in investment losses. he has a new book out called exposure. you had been at the company for a while but you were not the president and ceo. >> i'd been with the company for three decades. but became president on the first of april and was fired as president and ceo on the 14th of october. so 6 1/2 months. >> was it the previous ceo that orchestrated this? >> yes, he's admitted his guilt. >> and chairman was in cahoots? >> the former chairman and ceo became president. >> were you chairman, as well? >> no i wasn't. i was president and ceo. he remained chairman. he was known by many as the dr. evil character. and if you see his face, he looks like dr. evil and he was evil. >> it's hard to imagine. this is kind of a stunning story. just the idea that you could cover p broad losses. your problem was you looked and you saw the acquisitions that looked like ridiculous deals. ad
educate so he sophisticated japan, virtually nobody owns guns. if you want to get a gun, listen what you have to go through. you have to take a shooting and win test. a psychological test, you have to take a drug test. there are virtually no guns in japan. there's nothing of the kind that we tend to see here in the united states. our correspondent who was in japan for cnn for years and years now living in the united states covering newtown, listen to what she had to say about the comparison between those two places. >> i moved back to the u.s. this summer for the last five years, i was living in japan as cnn's tokyo correspondent. in that entire time, i never covered a shooting. there aren't any. this is my third mass shooting i've covered in just six months. i don't have the answer but i can compare japan and the u.s. in japan, there are almost no guns. the average person just can't get one. and i have to tell you, it's the safest place i've ever lived. >> and yet, we can talk about a place that you covered as a journalist, the an toyate killings in norway, 2011, summer camp. 77 people
into orbit. leaders in wash washing, japan and south korea are calling for immediate consequences. even china is criticizing north korea's move. the three-stage ballistic missile was carrying a satellite which u.s. officials say is now tumbling out of control as it orbits around the earth. its purpose remains unclear. but officials say the rocket is similar in design to one that could potentially reach the united states, richard. >> forget about the satellite. this is essentially a long-range missile test. it's a question of when and not if north korea gets the capacity, among other things, to target the west coast of the united states. now, they still haven't figured out how to miniaturize their nuclear weapons and put them on top of that missile, but that day will come. so one thing we have is north korea continuing to be a bowl in a china shop. and all this talk of sanctions and consequences are just that. it's so much talk. china is either unable or unwilling to rein them in. meantime, you have china flying aircraft over disputed islands of japan. japan in response scrambling fighter jets
the islamist dominated government consolidate its power. >>> an a powerful earthquake struck on japan's northeast coast today. 7.3 magnitude quake shook buildings in tokyo. looking at video there. it triggered a three foot tsunami wave. japan is still recovering from a massive earthquake you remember and tsunami that killed more than 15,000 people last year. >>> wow. the owner of this jewelry store in georgia says it's a miracle no one was killed when this happened. a driver accidentally rammed her minivan into the store. she told police a cannister lodged against the gas pedal. flying glass hit customers, one woman had a deep cut in the back of her head. the store had $30,000 in damage, but thank goodness no one was seriously, seriously injured or killed. look at that, wolf. wow. >> terrible. be careful. >>> president obama's top campaign strategist is here in "the situation room," getting ready, only a few minutes away. david axelrod, he did something today he hasn't done in decades. look at that, look at the mustache before, no mustache after. and guess what, he is ready to do some
. the center fielder played with the new york yankees last year and recently signed with a team in japan. >>> the city of los angeles is holding its annual gun buyback today, several months ahead of schedule. the buyback program allows anyone to bring in guns and rifles in exchange for gift cards. the event is usually held in may but was changed to today in response to the connecticut school shootings nearly two weeks ago. we'll talk about that buyback program with the los angeles antonio villaraigosa in about 45 minutes. >>> do you have the right to know if your neighbor owns a gun? a new york newspaper says yes. it posted the gun permits in new york counties. each red dot represents a person who has a gun permit. police -- people whose names were posted on this site they're not very happy. we did reach out for a statement from the newspaper, it sent us one "the massacre in newtown, connecticut, remains at top-of-mind for many of our readers. our readers are understandably and keenly interested to know about who owns guns in their neighborhoods." joining me to talk about this is job tha
by apple to tie up samsung in courts around the world. >>> a man in japan is the oldest man in the world. he's 115 years old. that's the third oldest age recorded. he lives with his family in keogh toe and attributes his longevity to sunlight and his efforts to keep his mind sharp. he was born in 1897. sunlight, i'm sure it's in moderation. can't get too much sunlight. >> positive visuals. >> keeping your mind sharp is definitely key. >> absolutely. a new gender neutral easy-bake oven will hit the -- an eighth grader from new jersey started an online petition that called out hasbro for only marketing the oven to girls. she was prompted to start the petition after shopping for the toy for her 4-year-old brother. they've invited mckenna and her brother to see a prototype of a enough new oven. >> why are women in the kitchen and guys working. that's basically what hasbro is saying. really, this company that i've grown to love so much would resort to conforming to societal gender roles. like i don't see why. >> hasbro will start marketing a new blue and silver oven for boys or girls by next
of consultation in the international regulators, canada, australia, japan, europe etc. and we continue to work the issue. i would say with banks registering the largest banks registered in the term, we are going to have more issues to sort through and we are committed to soaring through -- >> you are not talking of those that registered when you are making that statement. just the firms that register. >> but i have some expressions from some of the foreign regulators that they feel like some of the guidance may be in conflict with their loan regulator, their own that regulation and i guess that is what i am saying. if they are in conflict how are you dealing with those conflicts? >> the one example was in japan they have a clearing requirement. they actually put in place november 1st and we now have a requirement that we finished in november. there is a conflict because we both say they have to be cleared and registered clearinghouses. yet they have yet to register the london clearing house and we have yet to register the japanese clearing house. we are relieved they can use the japanese clear
. >>> and the tunnel collapse on a major highway in japan. what investigators say probably caused it. here you go little man. [ humming ] [ babbng ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> in japan, at least nine feel are dead, seven others still missing after a portion of a three-mile tunnel collapsed on a major highway. it happened yesterday about 50- mile west of tokyo. investigators say bolts used to secure concrete slabs to the tunnel ceiling were missing. >>> a medical of the coast guard is dead, another -- a member of the coast guard is dead, another hurt. their boat was rammed by another boat with no lights. two were thrown in the water by the impact. horn suffered traumatic head injuries and died. two suspects were detained. >>> tonight in san jose, the public's invited to a meeting about a search for a new police chief. now, during the meeting city officials will ask for ideas about what qualities should be considered for choosing candidates of the meeting is due to begin at 6:0 a
on the national economy. these two ports have a 44% of the nation's sea cargo. it includes cars out of japan and china. john fund, coauthor of the book "who's counting." you want a raise? you want a clerical worker? the money is pretty good. $87,000 a year. $105,000 with a compensation package. one of the top u.s. blue collar jobs. >> the outrageous thing about this strike is this. the port owners were willing to say all the clerks will have lifetime employment. but if someone retires we want the flexibility to move their job around or eliminate their position and the union said no. these clerks basically still use paper invoices to make sure the cargo moves clearly. a lot of that can be automated. these jobs, $165,000 are apparently forever. as a result of that we had this unnecessary strike and it cost a billion dollars a day and the price of toys may go up on christmas. >> this was not about benefits, vacation or pensions or salary. it was about the job of these clerks monitoring the port car go and their jobs are going to be guaranteed for life. but they wouldn't be allowed to replace th
the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go up. investors say, wait a second, why invest for bond. >> that is the key issue. we have not seen interest rates spike for a simple reason. nobody has confidence in the economy. nobody believes we will have robust economic growth. we could be heading towards a recession. especially given the disappointing christmas sales. i am frankly skeptical about what will happen with our economy either way. i think we will go
. >>> a frightening screen this morning on a highway in japan where at least three people were killed when part of a tunnel collapsed outside of tokekytoky. ceiling plates made of concrete fell on cars. the tunnel is 35 years old but was just inspected a month ago. >>> police in san diego are searching for two men caught on tape, caught allegedly stealing, hundreds of pairs of underwear from a victoria's secret. one of the suspects is holding a shopping bag. underwear estimated 4,000 bucks. >>> finally, last week we show you that house right in the middle of a new highway in china, it seems like the owner had a change of heart. he's now agreed to accept compensation to move out and his former home as you see there, torn down. >> pretty definite. all right, ron. >> thank you, ron. >>> we'll turn now to if fiscal cliff, 30 days from an economy-crippling deadline. yet talks seem to be going nowhere. treasury secretary timothy geithner will be the guest on "this week" with george stephanopoulos. >> last weekend, you sat right here and you said you were reasonably optimistic that a deal could be afo
. >>> a frightening scene this morning on a highway in japan where at least three people were killed when part of a tunnel collapsed outside of tokyo. the company that operates that highway, ceiling plates made of concrete fell on cars. the smoke from a fire initially made it impossible for rescue workers to get inside the tunnel. the tunnel is 35 years old but was just inspected a month ago. >>> police in san diego are searching for two men caught on tape, caught allegedly stealing, hundreds of pairs of underwear from a victoria's secret. you can see one of the suspects is holding a shopping bag. the other dropping in handfuls of underwear. underwear estimated 4,000 bucks. >>> finally, last week we showed you that house right in the middle of a new highway in china, it seems like the owner had a change of heart. he's now agreed to accept compensation to move out and his home, now former home, as you see there, torn down. >> pretty defiant. all right, ron. he's out. >> thank you, ron. we appreciate it. >> you got it. >>> we'll turn now to the fiscal cliff, 30 days from an economy-crippling dea
. amy hollyfield, abc7 news. >>> new morning, authorities in japan suspending rescue and recovery work while the roof of a collapsed highway tunnel is reenforced. at least nine people died as concrete slabs fell on to vehicles yesterday, the collapse happened halfway into the three mile long tunnel west of tokyo search teams are holding out hope of finding survivors investigators state tunnel's roof was just inspected in september and that inspection found nothing wrong. >>> the port of oakland continues to get extra business this morning as a result of the continuing port strike in los angeles and long beach. clerical workers began their strike last tuesday in a contract battle, dock workers are honoring their lines and managed to shutdown most terminals at two southern california ports, latest numbers just in, this strike is creating losses estimated at one billion dollars a day. >>> the white house is waiting for the next move from congressional republicans on a solution to averting the so-called fiscal live. overnight the president released this new video calling for tax relief for
american history tv, follow president truman's eldest grandson as he visits japan. >> everyone has their own view as top what happened. and i don't want to argue survival or about the history. we're past that. my whole purpose for being here is to listen and do what i can to see it doesn't happen again. >> we will discuss meetings with bomb survivors and inspiration for his trip. sunday on c-span 3. >> mark zandi said returning to clinton-era tax rates would hurt the economy but is necessary to get the deficit under control. his comments came at a forum and also bush administration lawrence lindsay and clinton white house chief of staff. >> thank you so much and thank you chairman bachus for turning us and turn it over to peter cook who will moderate our tax panel on tax reform. >> i got a feeling you have to head back to the hill. we hope to come up with some answers and ideas from this panel. we have -- we'll write them down. i'll hand them to your staffer. you hear the mission. we have to come up with some ideas that can pass congress and meet with everyone's approval, so no sma
. and would later launch the first u.s. strikes of the war against japan at the marshall islands. the current uss enterprise was also on her way home on the 11th of september 2001. just over three weeks later, she would launch the first strike against al qaeda and the taliban in afghanistan. now imagine yourself a board uss enterprise on the night of those first strikes. here's part of what her captain told her crew. good evening, shipmates. the last time americans actually went to war to defend against our homeland was almost exactly 60 years ago. when our threats and her enemies conducted a surprise attack on pearl harbor. during that attack, a different enterprise was at sea on her way home. it was ultimately a response to that typical bloody task of soundly defeating her enemy. and ever since then, when america has gone to war, is to protect freedom and our vital interest, those of our allies. we have not had to defend our homeland since december 7, 1941. however, september 11 our enterprise was at sea on her way home during a treacherous new attack on our country. tonight, a ship named e
you and god bless america. [applause] >> we had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated it would cost to under 50,000 of our youngsters -- 250,000 of our youngsters. [bells ringing] >> as someone in the middle of this, i choose to honor both. the sacrifice of american servicemen fighting in the pacific and of a little girl who died as the result of an atomic bombing. it is unimaginable what that must have been like, to be close to that, to the hypocenter of were the fireball was initiated. >> follow clifton truman daniel in his journey to hiroshima. the president's grandson joins us and bomb survivors. 9:00 p.m. eastern. >> on tuesday, house speaker john boehner participated in the official lighting of the capitol christmas tree. colorado lawmakers took part in the event. this is 30 minutes. >> good evening, everyone. and welcome to the 48th annual capitol christmas tree lighting ceremony. i am the architect of the capitol and i am honored to serve as your master of ceremonies tonight. for everyone's safety, we ask that you s
] >> the chiefs of staff had to make the pln for the invasion of japan without considering the atomic bomb. it was estimated it would cost 250,000 of our youngsters and 500,000 of them have been maimed for life. >> he was somebody sort of in the middle of this, i choose to honor both. so the sacrifice of american service men fighting their way through the pacific and of a little girl who died as a result of an atomic bofment it's unimaginable what that must have been like to be close to that, to the center where that fire ball originated and the blast was strongest. >> follow daniel on his journey sunday on history tv. they discuss meetings with bomb survivors at 9:00 m p.m. eastern. >> on tuesday house speaker john boehner participated in the lighting of the capitol christmas tree. colorado law makers from the house and senate took part in the event. this is 30 minutes. >> good evening everyone and welcome to the 48th annual united states capitol christmas tree lighting ceremony. i'm the architect of the capitol and i'm honored to serve as your master of ceremonies tonight as we carry out
markets in the world and found no statistical correlation. you look at japan, for example, which has tremendous video game consumption, and they play all of the games that we do and they don't have the violence that we have. >> stephanie: yes, that's absolutely true. the gun laws i think is the biggest piece, mental health is the biggest piece, but we can't sit here and say the last several of these mass shootings -- >> i think addiction is really strong. we don't know that there's an addiction to violent video games -- >> some people do sit there and play them for 12 15 hours on end. >> yeah. we don't have that information about adam lanza. i think that that's a stretch. and i think it's very dangerous to make those sorts of assumptions, and if you have a mentally disturbed individual who makes a life choice, you have to look at the dauseey of that person. >> stephanie: joe lieberman said the violence in the culture, particularly with the real them of videos does have a correlation -- >> and then you have to take all of the quentin tarantino movies off t
earlier in the morning. reports out of japan have diminished the sietz of the sue ma'am -- size of the tsunami expected to hit there. a warning was issued after a quake hit the same area struck by the march 200010 quake. >>> while the debate over the fiscal cliff dominates the headlines, the concern in washington is the middle class. >> the hardest most biggest segment of the population it is supposed to hit if this does happen. delia goncalves is live with more. >> reporter: good morning. absolutely. this is a very complicated issue that seems to just be boiling over without any real compromise, even though we saw some signs of promise a couple of weeks ago. another stalemate here on capitol hill. easily everyone agrees that middle-class families should be spared in this whole situation. they stand to see on average tax increases of $2,000 if congress doesn't take action. so everyone agrees let's spare middle-class families. the only thing that folks are disagreeing on are two other proposals that could possibly solve this fiscal crisis. the first proposal, democrats want to ra
troops in japan says that the situation is very dangerous. north korea plans to launch the missile between december 10th and 22nd. a similar launch in april failed shortly after liftoff. >>> this could be a revealing day in court case of an army private accused of giving classified documents to the website wikileaks. quantico's brig commander is expected to testify today. yesterday a top correctional officer at the marine corps base said bradley manning was kept on suicide watch for a week. the officer said the brig commander did not follow a psychiatrist's recommendation to take manning off suicide watch. it is questioned if manning's case should be dismissed due to excessive punishment while he was con find. >>> the decision in a local courtroom that could change what you write online. >>> plus, the silver line changes being announced today, how it could affect your ride. >> also a major company wants to track your every move and you might actually like it. >>> plus, breaking news on the beltway this morning. a truck packed with pineapples crashed in a really bad spot. >>> and a
're following the path europe followed, japan followed, raising taxes in the face of wobbly economy. we haven't done anything like this on scale since early 1930's. david: even the president admitted not too long ago anything you want to do in slow economy or certainly in recession is raise tax rates. >> this is ideology. about income equality punishing those who are successful and small businesses that employ 50 or more people. david: this is about political ego is it not? >> yes. david: they're already engining to say the republicans will get blamed or democrats will get blamed. it is political ego but they're playing with our lives, with our futures, with our jobs. >> a plague on all houses. if they want revenue, american companies have $1.7 trillion in cash parked overseas. why not do what we did eight years ago? lower the tax to five, six, 7%. eight years ago we got several hundred billion returning to the united states. david: president will not do it. we asked advisor gene sperling on this show. absolutely not. they're not going to do it. >> why haven't republicans hammered home that t
. >>> tokyo is, japan is the most expensive studio in the world. average cost for a movie ticket. $22. average cost for a beer. $10. manhattan ranks 36th. liz: is $10 high for a beer. david: not a manhattan bars. i've had a few $10 beers. but that is another story. liz: one of the important parts. health care act is creation of health care exchanges to help individuals get insurance if their employer didn't provide it. david: the clock has run out. today is the deadline for states to decide who will set up mandatory exchanges, the state or the federal government. peter barnes is in dewe with the story. >> that's right, david and liz. these health care exchanges are big part of obamacare. the administration is counting on them to provide coverage for 23 million people by 2016. but as of the deadline today, half of the states are create their own exchanges but 26 states will let the federal government set them up for them and six states will set them up in partnership with the feds in kind of tests here. now, some republican governors are passing on these because they opposed obamacare. others a
't know about double-digit earnings growth, but credit in europe, and a miracle in japan. it is incredible. earnings are starting to rebound because nominal gdp is increasing and the other thing about volatility, volatility is going lower making what could have been more tight, more stability going into next year. all of these things, they will have a great year as far as price concern. liz: we showed the s&p for the year up about 16% year-over-year. the nasdaq 17%, these are beautiful performances, can they continue through 2013? >> i got asked that question a lot. people say the market is up, they are expensive, that is not necessarily so. the market is up because the consumer confidence and spending and earnings are great and the stock market made up of individual stocks that represent corporate earnings. as i look out into 2013, i see a bunch of tailwind called the energy sector, the housing sector getting a lot better. i agree capital spending and manufacturing is making a renaissance in the u.s. and all that would achieve market make for good earnings. david: i brought it up with our
of the war against japan at the marshall islands. the current uss enterprise was also on the way home on 11th september, 2001. just over three weeks later, she would launch the first strikes against al qaeda and the taliban in afghanistan. now imagine yourself aboard uss enterprise on the night of those first strikes. here's part of what her captain told the crew. aboard imper enterprise. good evening. the last time america actually went to war to defend against an attack on the homeland was almost exactly sixty years ago. when treacherous enemy conducted a surprise attack on pearl harbor. during that attack, a different enterprise was at sea on the way home and was ultimately in a response to that difficult and bloody task of soundly defeating an enemy. and ever since then when america has gone war it's been to protect freedom, and our vital interest in those of our allies. we are have not had to defend our homelands since december 7, 18941. however on september 11 the our enterprise was at sea on the way home during a treacherous new attack on our country. and tonight the ship named enterpr
the committee in the house -- in house resolution 121. it was a resolution calling upon japan to apologize during the imperial army during world war ii, women forced into sexual slavery. he achieved justice for those who suffered atrocities in the past and his leadership will be missed. i also want to thank him for his leadership on the issue of pat tillman, soldier who was -- he lost his life in a firefight when in fact he was killed through -- and i want to appreciate that. lynn woolsey came to congress with a compelling story about how with the helping hand from her government she was able to raise three children by herself and have a successful career serving the people of marina and sonoma counties. she's been a tireless voice for family-friendly policies, for protecting the coastline of northern california and for bringing our troops home and ending the misguided wars in iraq and afghanistan. lynn was a leader of the congressional progressive caucus and i call her the mom of the caucus. and her passionate voice on progressive issues, she will be missed. her leadership will be missed
come in from japan. what has been the reaction to that rocket launch from the north koreans? >> the amazing thing here in south korea is that even with the rocket launch, folks here are working, they're building, they're thriving. they're focused. and they're building their economy. there's actually been relatively little conversation and don't seem all that worried. i think they believe the foreigners that are here are a lot more worried than they are. they're going about their business, and their business is building the country, building the economy. it's been very impressive to see what i've seen. >> governor, roland martin here. i'm curious. you're trying to bring business from south korea to your state. what kind of business, though? how are you pairing those two up in terms of what your state is good at? south korea might say, hey, it might be a good idea for us to go? >> when i was in the business world, i spent a lot of time visiting customers. now that i'm governor, i still spend time visiting customers. some of those customers are right in delaware, but some of th
is going on in north korea, south korea, and japan. what does that prove for the administration? guest: you can put north korea in the same category as japan and south korea. they have taken power and have produced leaders but are still checked by the open society and by the democratic political system. kim jong un is the son of kim jong il who died about a year ago. to say he is a hawk misses the point. he is a tyrant. he continues to sell arms to countries like iran and build their nuclear program. host: south korea and japan -- any specific challenges? guest: the main challenge for the korean peninsula is that at some point north korea is going to collapse. it is already a basket case country. will you have the kind of transition you had in germany? today germany is to lay prosperous country. will south korea consider the north koreans to be their cousins and brothers? there is a huge disparity at this point. you can see the physical difference because of the questions of nutrition and the way they are raised. is a total state based on fear. the challenge is to figure out how to absorb w
, also the 2009 world series mvp. before he came to the u.s. he was already the biggest star on japan's biggest team. >>> behold the most annoying words of 2012. classic time honored whatever, third year at the top, annoying pick, those on the list are like, you know, and just sayin'. >> like. >> like you know just sayin' whatever. >> my nieces i stop them and say no. >> what if they say like? >> absolutely. it is forbidden in the house unless you use it properly. >> can i just point out hideki matsui when i spent time in japan he was much more popular than ichiro even though ichiro was a greater baseball player. ichiro was reviewed as remote and distance. hideki was the guy next door you could have a beer with. >> i remember when he came to the u.s. maybe this is a sign i'm getting older, 2003 doesn't seem like that long ago. >> he's retiring? really, didn't he just get here? >> were you collecting baseball cards? >> no i was not. >> are you sure? >> all right. >> when alina started i was aware god zillizilla was being n out. >>> a high level meeting to find a fiscal cliff deal. our
, they don't have these same shoot problems. if you like at japan, they have the most vicious, violent video games of anybody, and they don't have these issues. they don't have a murder rate. >> guess what? tell your hollywood friends, we got hundreds of millions of guns on the street. we ain't japan, so you fight the war on the battlefield before you and the battlefield before us is there is easy access to guns. there will be easy access to guns regardless of what gun safety legislation. >> to parents while i still have control, because you lose it as they get older, don't let them do it. find something else. it's hard. it's easier said than done because a lot of kids sit there for hours and it's their baby-sitter, but no. >> steve, i understand that's not your position, but i'm hearing this a lot of from people in hollywood. no response. quentin tarantino was unbelievable incense it actisen. what a total jackass. left wingers say i want to -- there's a slippery slope on first amendment rights. >> it's always a mistake to do exactly what you want to do when in this kind of situation. you ha
out over 90% of new treasury supply again. so on this is a big deal. given what japan is doing, there are six countries with negative nominal rates already. >> okay. we'll see juicy first half of next year. but kevin ferry, thank you for that. and, joe, before i go, i need to just make one quick comment to you. i said to the audience -- i don't know if you heard this. maybe you were wincing when i said it. i said happy monday. did you hear that earlier in the program? >> no. >> someone e-mailed me and i realized today is tuesday. >> you know how you can guard against that, though? by -- >> never saying -- >> for not wasting the sue pure if a loose anchor speak that -- >> you think happy monday is anchor speak? >> yeah, i do. people don't need that. or happy tuesday or anything. they know what day it is, most people, he hopefully. >> except me. >> yeah. you don't need to remind them. >>> in our corporate headlines on this wednesday -- i said on this wednesday -- ftx is in exclusive talk toes buy rival ga ardner. bids range from the low to mid 70s. the spx offer is assumed likely
here, guys, on, of course, the dollar/yen. japan did have when aer being called transformative actions weekend. it still remains toes be seen whether shinzo abe is going to be the next prime minister. can it help spur the company back towards growth? remember, with currencies, it's all relative and there are a lot of other players around the world who are trying to weaken theirs, as well. so it could be an uphill climb or maybe i should say a downhill one. >> kelly, thanks. coming up, we're going to debate where the economy is headed in 2013 and how much the fiscal cliff matters to growth. we have a special edition of squawk at 8:00 a.m. eastern time. remember that first interview we had with tepper a few years ago that made so much news. we'll have another rare interview with david tepper. it was 2010 and he sparked what became known as the tepper rally. it was really the squawk rally, but he tried to hijack that. what does he expect from the markets now? "squawk box" will return in just a moment. rivalry. rivalry. 'cause all our states are great. and now is when the gulf gets even be
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companies, and they compete with global multinational companies from europe, japan, asia, brazil. in some cases russia. and these places, you know, many of these places, their costs are way lower than companies face here in the united states. so, if you start telling u.s. companies you have to pay higher wage s just because we're making a rule that says you have to do that, they're going to basically hire fewer u.s. workers and hire more overseas workers because they can do that. again, the way out of this trap is to develop skills that other people don't have. so that you are not one of thousands who can do some interchangeable job. if you are just sitting there with the same skills as many, many other people, you are stuck. i know this is very difficult, it's expensive to get skills, it takes time. we have a lot of people cutting corners, living with family, finding ways to get the education you need. it is absolutely true that peoples living standards are going down. one might only hope that our living standards are high enough that we can maybe cut a few corners, do what we need to an
with japan to realize our forces and jointly develop guam as a strategic hub. we afford to strengthen cooperation for the republic of korea, in space, in cyberspace, and intelligence. we begin a new marine rotational deployment to australia as well as increased air force cooperation. likewise, we are deepening our engagement and developing rotational deployment with allies and partners such as singapore and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality the naval fleet -- reallocating the naval fleet to achieve a 60-40 split between the pacific and atlantic oceans. hopefully will do that by 2020. increasing army and marine presence in the region, after iraq and afghanistan. locating our most advanced aircraft in the pacific, including the deployment of f-22's and the in the 22 ospreys in japan. and laying the groundwork for the first overseas deployment of the f-35 joint strike fighter in 2017. the third element of our strategy is that as we do force projection in
tunnel in japan. they're not saying whether there might be more victims under the rubble. >>> if army private bradley manning, charged in the largest leak of classified material in history faces trial it will be in march. it was pushed back a month because of pre-trial motions. manni >>> federal investigators are waiting for an all-clear to conduct an on-site inspection of a train bridge that collapsed friday morning in southern new jersey. several cars of a train derailed, but it's unclear what happened first, the collapse or the derailment. the cars were carrying hazardous chemicals, some of it did escape. >> they all said that there was a vapor cloud that was released and was approaching them, but there was inconsistent information in the early minutes in the accident of exactly what that product was. >> incredibly the ntsb said the bridge was inspected just last month. >>> the pakistani school girl activist who was shot in the head by the taliban is expressing thanks to her many supporters around the world. in a message read by anderson cooper at last night's cnn hero's ceremony i
and so i -- election.'s the u.s.-japan airlines serves as a cornerstone of peace and prosperity in the asia-pacific and look forward to working closely with the new japanese prime minister, cabinet, and the people of japan for bilateral, regional, and global issues. i would also like to say the president appreciates prime minister nota's contributions to u.s.-japan relations on a number of issues and would like to thank the prime minister for his service and wish him well in his future endeavors. as you know, the new prime minister does not take office -- and i did not want to get ahead of that, before we start talking about potential meetings or policy discussions with him. >> you made the point about -- that that was not the day to talk about policy, talking about gun control. but we are looking for more specifics especially since the president said quite plainly he would use all the powers of the office to engage americans on the issue. senator lieberman suggested a national commission on violence. would the president consider setting up a presidential task force? >> what i t
in japan. the president was going to one of these economic things in philippines and india. darmin calls baker. he says, jim, the president is going to love this bill. he is gone to love it. just tell him to shut up. his friends are not gone to let this bill. there want to get to him. don't say anything until you can fully brief him. that is the way it happened, and that was the past as question of the process. >> that was the process in 1986. can that happen this day? >> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for pre
-efficient engine, but it's not from japan. it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> producer john tower, we have our replacements for fiscal cliff. please only read the clean ones. >> jason writes, money boo boo. calvin, pricey precipice. i like this one. allen, monetary manhole. >> monetary manhole. we're getting stripper names and other categories we don't want to get into. great show, everyone. "morning joe" starts right now. > ♪ and i'm free ♪ free falling >>> you know, it's a special time of the year. we've been looking forward to it for months now. and everywhere you go, you can see the twinkle in little children's eyes because they know that in just a few short weeks, ♪ the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >
, the rebuilding of europe and japan after a war where the united states, against the will of the american people -- they were not in support of the marshall plan, but, today, no one could argue that it was not essential to the ultimate transformation of the former soviet union into the freedom of people in eastern europe and to a remarkable sense of possibilities for people who had lived under the yoke of totalitarianism 40 along. those things, out of this committee. those are the possibilities -- those things come out of this committee. those are possible. i worked for teddy kennedy. many of us were greatly changed by the assassination of president kennedy and then robert kennedy, and i will never forget the words, "i dream things that never were and asked -- ask why not," and the evening is special not only because it brings us together to celebrate the foreign relations committee and its past accomplishments, but a reminder of the debt that we owe to those who preceded us on this committee and set an example of what it could achieve and what we can be, so i think we can learn by the way they
on policywise in japan and the whole trade. fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this first hand and i know he has a question for you, as well, jim. >> feeling all the different things coming in. >> that must be a real challenge for you being down in d.c. how did you get that straw? >> yeah, it is. i can take it for about 24 hours. i am feeling a lot of what's happening. and in the last 2 1/2 years or so, the poisoned atmosphere down here just to try and do anything is becoming really apparent. we put the sequester because it was so hard to try and do anything last time to force us, now we're not really inclined to do it again. my question, even if we
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